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July 18, 2018 by Carolyn Fortuna
Musk's excuse places investors, Tesla's market shares unchanged
Admitting to a burst of anger, the CEO of Tesla Elon Musk is excused in social media sparring with a cave diver who has been involved in rescuing the cave of Thailand from a youth football team and their trainer. Musk's apology comes at a time when Musk's posts on Twitter have prompted reactions from Silicon Valley shareholders and analysts, who described his behavior as immature and hindered the success of the auto company. spoke angrily after Mr. Unsworth said several untruths and suggested that I engage myself in a sexual act with the mini-sub that was built as an act of kindness and according to the specifications of the headmaster. Dive Team
– Elon Musk (@elonmusk) July 18, 2018
Musk found himself at the center of another media clash after qualifying as a "pedo" a diver from Thai cave, Vernon Unsworth. Musk's explicit accusations would be unfounded. His comments on Twitter have become a public chat fight before Musk deletes the messages. The damage to Tesla's reputation may have already been made, however, and many investors responded immediately and with deep concern.
Investor Reactions Spark Musk Apology
James Anderson, partner of Baillie Gifford, fourth largest shareholder of Tesla The Guardian in an email on Tuesday that the company saw "the end of carbon as essential" but was "frustrated that the real steps towards this are eclipsed and undermined by this saga." Anderson said he was in agreement with some of Musk 's past remarks calling for critical analysts, "but it is different – we are in contact with the company, and we hope that it will not be possible. she will be taken seriously. "He said that he would like to see" peace, quiet and performance "at the all-electric cars company.
the behavior has not changed "This could have a dramatic negative impact on the company," said Gene Munster, head of research at Loup Ventures, a venture capital firm. "You have to start with an apology." In addition to losing investor confidence, Munster said: "The irony is that their brand is word of mouth." The scandals "could have a negative impact on demand and access to capital." 19659007] Wolf Ventures issued an open letter to Musk on behalf of investors, saying the comments to Unsworth "crossed the line" and asked for an apology. "In the last 6 months, there have been too many examples of worrying behavior that undermine investor confidence," the letter says.
Jing Zhao, who recently filed a shareholder proposal to remove Musk as chairman of Tesla's board and install an independent director, said the CEO was unprofessional and that it was "not his business "to travel to Thailand and try to directly solve the rescue problems. Zhao said that he believed that Musk had originally "good intentions", but that "humanitarian rescues … are professional tasks, so we should trust others with local community connections He should focus on his profession, "said Zhao, adding that if Musk wanted to help such causes, he should have a separate charity. Zhao also said that this scandal offered further evidence that the company needed an independent chair: "It is not mature enough."
The Saga That Inspired And Embarrassed Musk
June 23, 2018 Thailand's Chiang Rai province with its football coach and ended up trapped in a cavern under a mountain after the flood.
The team and their young coach were ready to celebrate the birthday of a member of the team, often as Tham Luang. up to 8 km, for initiatory rites where they would write the names of the new members of the team on a wall of the cave. The BBC describes them as being in a good mood; they explored in the cave with only their torches. They did not need much else – after all, they did not plan to be there until one o'clock.
The football team did not go out until two weeks later.
Rescue attempts were first blocked by desperate cave conditions. as the lack of dive training required for youngsters to swim in underground wells. Forced by the situation, Musk went to Thailand and offered to help by providing a "mini-submarine". With a team of engineers from SpaceX and The Boring Company, he hauled the ship – a cylinder made from the liquid oxygen transfer tube. a Falcon rocket. In Thailand, Musk also met with government officials about the possibility of using it to help.
But Narongsak Osottanakorn, head of the command center during the rescue, did not appreciate the idea, saying the submarine was "technologically sophisticated." "Not practical" with the rescue mission. Musk then denounced reports referring to Osottanakorn as "chief of rescue," noting that he was the former provincial governor of Chiang Rai and not "the expert in the field." Osottanakorn resigned from his role to join the initiative. Musk shared his email communications with one of the best members of the rescue team, during which he was told to continue working on the mini submarine because they might need it [19659005] finally frustrated by many critics. Musk reacted to a subsequent comment by Unsworth, a 63-year-old British diver who called the project a "PR coup". He may have rejected and hurt the fact that his offer was rejected. Musk responded by promising to create a video proving that his "mini-sub" would have worked, adding, "Sorry guy, you really asked."
The diver, who was still at the cave site to help at cleaning, told The Guardian that he was "astonished and very angry" and that he was considering a lawsuit.
resulting from the prosecution prompted the Musk apology. Musk felt validated in his original defense. "Nevertheless, his actions against me do not justify my actions against him, and for that I apologize to Mr. Unsworth and the companies I represent as a leader," said Musk. "The fault lies with me and me alone."
Musk's apology also referred to a "well-written article" by Jeremy Arnold, of which he was not guilty. The essential argument is: [19659007] Musk is "a rich problem solver with a long history of responding to charity requests on Twitter is asked to see what he can do to help." He agrees, opens the dialogue for ideas, brings them to the field experts for comment, and then sends some of his best engineers to work voluntarily on practical mechanics. "
Tesla shares barely moved in trade after hours on Tuesday, down about one-tenth of a percent. The stock price ended roughly where it started today, Wednesday. Overall, the price is a bit higher than a week ago.
About the author
Carolyn Fortuna Carolyn Fortuna, Ph.D. is a writer, a researcher and educator who has always been dedicated to ecojustice. She has won awards from the Anti-Defamation League, the International Literacy Association and the Leavy Foundation. She is shaping a scholarship on digital media education and learning to raise awareness of sustainability issues. Please follow me on Twitter and Facebook and Google+
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